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Nasdaq 26,207 ยท Delta beats profit expectations despite record fuel costs ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #14 ยท Friday, July 10, 2026
Volatility (VIX)  Cautious ยท 15.8
Worth noting  The S&P 500 crossed above 7,500 since yesterday.
S&P 500 and Nasdaq gained ground as chip strength and lower oil prices offset cautious market sentiment heading into earnings season.
 
 

โ—  The Numbers

S&P 5007,543.64  +0.81%
+0.81% this week
Nasdaq Composite26,206.89  +1.30%
+0.64% this week
Dow Jones52,487.41  +0.27%
+0.35% this week
Russell 20002,992.54  +1.22%
-0.67% this week

Before the bell: see how Asia, Europe & US futures traded overnight →

โ—  The Movers

Leaders

META Meta+4.70%
TSLA Tesla+3.17%
SPCX SpaceX+2.60%

Laggards

GOOGL Alphabet-0.84%
NVDA Nvidia-0.66%
^DJI Dow Jones+0.27%

The day's best and worst of the tracked indices and mega-caps ยท day-over-day change.

โ—  The Read

S&P 500 โ€” description, not prediction

Trading above both its 50-day (7,424.39) and 200-day (6,960.73) averages โ€” the longer-term trend reads as up. 30-day range 7,266.99โ€“7,609.78; currently in the upper third of that range. RSI(14) 61 โ€” momentum firm.

See where every market sits on the daily page โ†’

โ—  The Brief

 Delta beats profit expectations despite record fuel costs

Delta Air Lines reported record quarterly revenue and beat profit forecasts even as fuel expenses hit historic highs, signaling pricing power amid inflation. (MarketWatch)

 Volkswagen plans model cuts and capacity reduction

VW will slash its product lineup and shrink manufacturing capacity following board negotiations, signaling structural shifts in the automaker's strategy. (CNBC)

 Earnings season shows volatile swings despite solid results

Second-quarter earnings are delivering wild stock swings even when companies beat expectations, suggesting investor expectations remain elevated and hard to satisfy. (MarketWatch)

 Chip sector faces 'bubble-like' volatility as SK Hynix enters US

South Korean chipmaker SK Hynix's US expansion highlights sector concentration risks and trading volatility that could affect broader market stability. (MarketWatch)

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The charts we read every morning

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Markets 101

What is the VIX?

A real-time index of how much volatility the market expects in the S&P 500 over the next 30 days. High VIX = fear and big expected swings; low VIX = calm. It describes mood โ€” it doesn't predict direction.

Hit reply: What's one market term we should explain in a future Markets 101?
A human reads every answer.

Stock Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Stocks carry risk โ€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured shortly before the opening bell.

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